Liquidation price โ a step from the abyss: long at $14.6 million under threat ๐๐
While we discuss holding strategies, a real drama unfolds in the futures market. One of the traders decided to test the market's strength by opening a long at $BTC for $14.6 million with a leverage of 40x.
๐ Numbers that make your blood run cold:
โข Entry: $72,637
โข Current price: $71,990
โข Liquidation price: $71,238 ๐ฉ
Only $752 movement down remains until a complete margin loss of $367k. For Bitcoin, this is the market's โbreathโ for a few minutes.
๐ Pain statistics:
Currently, the position is already in an unrealized loss of -$130,000. Moreover, in the last 30 days, this account has already โburnedโ about $680,000. With a 40x leverage, there is simply no room for error.
This is the very โfight in the arenaโ we talked about earlier. One market noise โ and your capital becomes fuel for the price movement in the opposite direction.
๐ What do you think: will the market allow him to break even, or will we see a juicy long squeeze? ๐
$BTC $BNB
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